Find the Mean $\mu$ , for the Binomial Distribution Which Has the Stated Values

question 14

Multiple Choice

Find the mean, $\mu$ , for the binomial distribution which has the stated values of $n$ and $p$ . Round answer to the nearest tenth. $n = 676 ; p = 0.7$

• A) \(\mu = 474.5\)
• B) \(\mu = 473.2\)
• C) \(\mu = 471.7\)
• D) \(\mu = 474.9\)

---

Definitions:

Income Tax Expense

The cost charged against earnings from operations and other activities, representing the amount of income taxes owed to governmental authorities.

Working Capital

The difference between a company's current assets and current liabilities, indicating short-term financial health and operational efficiency.

After-Tax Discount

A reduction in the price of an item or service that is applied after calculating taxes.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life uniformly.